DILIGENCE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
DILIGENCE
Largest movements
- Receivables within one year +€10,310
up €10,310 (+727%), from €1,418 to €11,727
of which Other amounts receivable: +€10,704
- Cash -€3,609
down €3,609 (-95.3%), from €3,787 to €178
mainly Receivables within one year (-€10,310) and Net result for the year (-€6,620)
- Tangible fixed assets -€2,820
down €2,820 (-22.5%), from €12,550 to €9,730
- Formation expenses -€412
no longer reported in 2025 (was €412)
- Profit (loss) carried forward -€6,620
down €6,620 (-68.4%), from -€9,674 to -€16,294
- Trade debts +€4,734
up €4,734 (+204%), from €2,317 to €7,051
- Other debts +€4,380
up €4,380 (+31.7%), from €13,833 to €18,213
- Tax, wage and social debts +€975
up €975 (+57.7%), from €1,691 to €2,666
- Purchases and services +€44,680
up €44,680 (+429%), from €10,406 to €55,086
- Turnover +€31,499
up €31,499 (+258%), from €12,212 to €43,711
- Financial income +€13,520
up €13,520 (+6,891%), from €196 to €13,716
of which Financial income: +€13,520
- Gross operating margin -€13,180
down €13,180, from €1,805 to -€11,375
- Other operating charges +€3,095
up €3,095 (+126%), from €2,465 to €5,560
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,167 | €21,635 | +€3,469 | +19.1% |
| Formation expenses | 20 | €412 | - | -€412 | |
| Fixed assets | 21/28 | €12,550 | €9,730 | -€2,820 | -22.5% |
| Tangible fixed assets | 22/27 | €12,550 | €9,730 | -€2,820 | -22.5% |
| Furniture and vehicles | 24 | €12,550 | €9,730 | -€2,820 | -22.5% |
| Current assets | 29/58 | €5,205 | €11,906 | +€6,700 | +129% |
| Amounts receivable within one year | 40/41 | €1,418 | €11,727 | +€10,310 | +727% |
| Trade receivables | 40 | €794 | €400 | -€394 | -49.7% |
| Other amounts receivable | 41 | €624 | €11,328 | +€10,704 | +1,715% |
| Cash at bank and in hand | 54/58 | €3,787 | €178 | -€3,609 | -95.3% |
| Total equity and liabilities | 10/49 | €18,167 | €21,635 | +€3,469 | +19.1% |
| Equity | 10/15 | €326 | -€6,294 | -€6,620 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,674 | -€16,294 | -€6,620 | -68.4% |
| Amounts payable | 17/49 | €17,841 | €27,929 | +€10,089 | +56.5% |
| Amounts payable within one year | 42/48 | €17,841 | €27,929 | +€10,089 | +56.5% |
| Trade debts | 44 | €2,317 | €7,051 | +€4,734 | +204% |
| Suppliers | 440/4 | €2,317 | €7,051 | +€4,734 | +204% |
| Taxes, remuneration and social security | 45 | €1,691 | €2,666 | +€975 | +57.7% |
| Taxes | 450/3 | €1,691 | €2,666 | +€975 | +57.7% |
| Other amounts payable | 47/48 | €13,833 | €18,213 | +€4,380 | +31.7% |
| Turnover | 70 | €12,212 | €43,711 | +€31,499 | +258% |
| Goods, raw materials, services and sundry goods | 60/61 | €10,406 | €55,086 | +€44,680 | +429% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,551 | €2,820 | +€1,269 | +81.8% |
| Other operating charges | 640/8 | €2,465 | €5,560 | +€3,095 | +126% |
| Gross operating margin | 9900 | €1,805 | -€11,375 | -€13,180 | |
| Operating profit (loss) | 9901 | -€2,210 | -€19,755 | -€17,545 | -794% |
| Financial income | 75/76B | €196 | €13,716 | +€13,520 | +6,891% |
| Recurring financial income | 75 | €196 | €13,716 | +€13,520 | +6,891% |
| Non-recurring financial income | 76B | €196 | €13,716 | +€13,520 | +6,891% |
| Financial charges | 65/66B | €181 | €581 | +€400 | +221% |
| Recurring financial charges | 65 | €170 | €170 | -€0 | -0.2% |
| Non-recurring financial charges | 66B | €11 | €412 | +€401 | +3,642% |
| Profit (loss) for the period before taxes | 9903 | -€2,195 | -€6,620 | -€4,425 | -202% |
| Profit (loss) for the period | 9904 | -€2,195 | -€6,620 | -€4,425 | -202% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,195 | -€6,620 | -€4,425 | -202% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.